NC
Nepenthe Capital
Cupertino, California, United StatesFounded 2019
Nepenthe Capital is a venture capital firm founded in 2019 and based in Cupertino, California. The firm focuses on early-stage investments in sectors such as technology, artificial intelligence, fintech, and enterprise software, backing companies building innovative, scalable solutions.
33% of their portfolio is in AI. They made 1 investments in the last 12 months. Average disclosed round size is $58.7M (across 12 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
TB
Toby Benstead
Principal
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 EPIC Microsystems | Series A | $21M | Mar 2026 |
 NeoCognition | Seed | $40M | Jan 2026 |
 Asato | Seed | $7.5M | Dec 2023 |
 DataChat | Series A | $25M | Sep 2021 |
 Snorkel AI | Series C | $85M | Aug 2021 |
| Snorkel AI | Series B | $35M | Apr 2021 |
 Exotanium | Seed | $5M | Apr 2021 |
 Nuvia | Series B | $240M | Sep 2020 |
| Nuvia | Series A | $53M | Nov 2019 |
 Voltron Data | Series A | $88M | — |
 Baffle | Series B | $20M | — |
 Snorkel AI | Unknown | $85M | — |
Top Co-Investors
Celesta Capital5 shared
Walden Venture Capital5 shared
GV4 shared
Lightspeed Venture Partners4 shared
Greylock Partners3 shared
Capricorn Investment Group2 shared
Dell Technologies Capital2 shared
Mayfield Fund2 shared
Lince Capital2 shared
Addition2 shared
Anthos Capital2 shared
Intel Capital2 shared
Cambium Capital2 shared
Walden Catalyst Ventures2 shared
Factory2 shared
Atlantic Bridge1 shared
Mithril Capital Management1 shared
Fidelity Investments1 shared
Last updated: 8 September 2026